RE: Credit Crunch & Playing Defense

Response to AwakenSafely: http://www.youtube.com/watch?v=U5wTnJPMYQM

BE EXTREMELY CAREFUL and informed before considering taking cash off of those cards!

Credit card companies are slashing available credit lines and THAT has a bunch of frightening consequences for anyone who has worked to keep their FICO scores up.

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[artdeco101010]

A better option is to buy something you can liquidate, i.e. gold, silver, etc., hold it till you need it, then sell it for the needed cash.

[rayme4raw]

Yep, always do the opposite of what your government tells you. The Great Destroyer Obama advised today that it's a good time to get into the stock market. I stopped contributing to my 401k on Jan 2 this year and two of my coworkers who didn't hear Obama's message stopping buying our company's stock and stopped contributing to their 401k. Even us economic idiots are learning fast. Obama will soon have no money for his deficit spending programs other than the printing press.

[Mongodelight]

you can purchase something that is easy to sell at nearly the same price. Never thought about that way to turn the credit into cash?

[chrisl8r]

The best advise if someone absolutely has to obtain money off their credit card is to look at other promotional offers from competing cards. Call around and see which ones off ther most competitive intro interest rates and then the corresponding annual APR (only do fixed, not variable). Most cards will only charge a 3% balance transfer fee, and some may even limit that to only a couple hundred dollars. However the amount of options you have will be limited by your income and credit score.

[cx7800]

Right, get off the grid, do not buy into any government or banking system

[cx7800]

To Hell with credit cards and banks.....if you do not have the cash you do not need it, walk, no money for food? Go to the local church, they will be glad to give to you. Credit system is a fraud and you should not even use the NWO system, meant to break up the family and you. Oh by the way, in the time you watched this video, you could have swept someones porch for a $1.00, myself included.

[darchorse]

get the cash from the cards. buy silver/gold. Don't worry about interest rates fees etc. Just get the money and burn the bank - fuck them. Your credit scores be damned. Get as many cards as you can and max them out and go bang. liquidate all your assets and stash gold, silver, bullets, cigarettes, jack daniels for trading. Paying your cr cds is just a joke so this time you do the laughing!

[gubment0cheese]

Buy as much silver and gold with credit cards, personal loans, and home refinance. Then when you have maxed everything out, blow them off. Don't send them another dime ! Credit scores mean nothing anymore.

[sugarpuddin88]

Really Great News!

In this incredible 21st century, people now have the ability to leverage their citizenship to obtain the "best deal"

There are many journals out there to help you decide which venue can best meet your needs

Having a 2nd citizenship gives you best of everything: Why International Corps do it!

You can roll IRAs into foreign currency IRAs through Everbank; & cash out stocks & bonds for AG Futures

When the USA goes belly-up, you can buy them out for pennies on the dollar!

[sugarpuddin88]

Spend Bill = 9.7 Trillion!

That includes 57 million for the marshy field mouse of S California!

The mice will be much better off than the Californians; & preferential wages for illegals (75% of new births in TX are illegals)!

(NYC refuses to prosecute over 100 Wall Street executives who used the corporate credit cards for prostitution - In one case $40K, and in another $27,000)

Thank god my money is in a foreign currency! The worse America performs, the more money I make!

Go America Go!

[survivalbanjoboy]

maybe you could do it this way. open 2 paypal accounts.... then send a payment with your paypal creditcard account to your other paypal account. that way it will look as if you have bought goods for the money. you then can transfer the received money from your new paypal account to your normal bank account.

that way the interest rates will be the same as when you bought goods. only downside would be that you would have to pay a small paypal fee.